Which of the Following Statements Is True of Consequentialism

question 69

Multiple Choice

Which of the following statements is true of consequentialism?

• A) It focuses primarily on individual rights.
• B) It views lying as an unethical practice.
• C) It is found in the way in which managers use cost-benefit analysis to evaluate alternative courses of action.
• D) It is primarily a duty-based view of ethics.
• E) It asserts that individuals have rights, and that these rights should not be infringed, even at the expense of society as a whole, because they have an intrinsic moral value to them.

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Definitions:

Uncollectible Account

A receivable that a company has not been able to collect from a debtor, leading to its recognition as a bad debt expense on the income statement.

Adjusting Entry

At the conclusion of an accounting cycle, journal entries are documented to distribute earnings and expenditures to the period in which they were genuinely incurred.

Bad Debts Expense

An expense reported on a company's income statement, representing the amount of non-collectable accounts receivable during a period.

Credit Sales

Transactions where the customer purchases goods or services on credit, paying the supplier at a later date.